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8-K
KEY ENERGY SERVICES INC filed this Form 8-K on 11/09/2017
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November 8, 2017

 
 
 


Segment Revenue and Operating Income (in thousands, except for percentages, unaudited):
 
 
Successor
 
 
Predecessor
 
Successor
 
 
Predecessor

 
Three Months Ended September 30, 2017
 
Three Months Ended June 30, 2017
 
 
Three Months Ended September 30, 2016
 
Nine Months Ended September 30, 2017
 
 
Nine Months Ended September 30, 2016
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Rig Services
 
$
61,933

 
$
61,802

 
 
$
59,137

 
$
184,026

 
 
$
169,627

Fluid Management Services
 
20,713

 
18,867

 
 
18,969

 
57,475

 
 
61,230

Coiled Tubing Services
 
12,499

 
9,165

 
 
7,146

 
27,005

 
 
24,294

Fishing & Rental Services
 
14,177

 
15,776

 
 
14,078

 
45,808

 
 
43,773

International
 
1,331

 
2,170

 
 
3,076

 
5,571

 
 
9,582

Consolidated Total
 
$
110,653

 
$
107,780

 
 
$
102,406

 
$
319,885

 
 
$
308,506

 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Income (Loss)
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Rig Services
 
$
(502
)
 
$
(177
)
 
 
$
(9,004
)
 
$
(2,766
)
 
 
$
(29,044
)
Fluid Management Services
 
(7,262
)
 
(3,227
)
 
 
(13,225
)
 
(17,426
)
 
 
(27,052
)
Coiled Tubing Services
 
1,854

 
325

 
 
(4,372
)
 
(106
)
 
 
(16,578
)
Fishing & Rental Services
 
(2,366
)
 
17,494

 
 
(6,951
)
 
11,251

 
 
(19,739
)
International
 
(1,128
)
 
(1,352
)
 
 
(44,389
)
 
(4,780
)
 
 
(54,350
)
Functional Support
 
(25,340
)
 
(20,087
)
 
 
(31,647
)
 
(66,279
)
 
 
(95,498
)
Consolidated Total
 
$
(34,744
)
 
$
(7,024
)
 
 
$
(109,588
)
 
$
(80,106
)
 
 
$
(242,261
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating Income (Loss) % of Revenues
 
 
 
 
 
 
 
 
 
 
 
 
U.S. Rig Services
 
(0.8
)%
 
(0.3
)%
 
 
(15.2
)%
 
(1.5
)%
 
 
(17.1
)%
Fluid Management Services
 
(35.1
)%
 
(17.1
)%
 
 
(69.7
)%
 
(30.3
)%
 
 
(44.2
)%
Coiled Tubing Services
 
14.8
 %
 
3.5
 %
 
 
(61.2
)%
 
(0.4
)%
 
 
(68.2
)%
Fishing & Rental Services
 
(16.7
)%
 
110.9
 %
 
 
(49.4
)%
 
24.6
 %
 
 
(45.1
)%
International
 
(84.7
)%
 
(62.3
)%
 
 
(1,443.1
)%
 
(85.8
)%
 
 
(567.2
)%
Consolidated Total
 
(31.4
)%
 
(6.5
)%
 
 
(107.0
)%
 
(25.0
)%
 
 
(78.5
)%





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